Foreclosure Law Lawyers In Las Vegas New Mexico

Las Vegas is a city in San Miguel County, New Mexico, United States. Once two separate municipalities (one a city and the other a town) both named Las Vegas, west Las Vegas ("Old Town") and east Las Vegas ("New Town"), divided by the Gallinas River, retain distinct characters and separate, rival school districts. The population was 14,565 at the 2000 census. It is the county seat of San Miguel County.

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.